Saud Uz Zaman (DM) 15 February 2019
I'm a job holder. Recently our internal audit give me observation on bank reconciliation. Thay says ' Monthly Bank Reconciliation not done and some outstanding cheques not yet adjusted'. But I do it monthly and about outstanding cheques, you know it's depend on management decisions. What should be my reply. Here i attached the report.
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V P Narasimhan (Accounts Manager) 25 September 2019
A cheque will become stale when to seizes it's validity period. The entry has to be reversed automatically.That's why it has been emphasized to mention the since realized date in the BRS.